I along with my partner borrowed money secured by a First Trust Deed, notarized and recorded with a Promissory Note. The money was used for the purchase of the property. Both partners are Trustors of the TD. The Grant Deed was put in other partners name. The Lender, other partners Farther is the Beneficiary and holds, ""Naked Title". The TD has not been re-conveyed or foreclosed. Subsequent TD has been recorded in other partners name only with additional loans taken against the land. Title has transferred into the name of an LLC owned by other partner.